Prime Minister Nguyen Xuan Phuc (R) and ex-President of the Senate of Malaysia Michael Cheng Wing Sum (Source: VNA)
Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc met ex-President of the Senate of Malaysia Michael Cheng Wing Sum in Hanoi on September 27, saying that Vietnam defines the promotion of economic and trade ties with ASEAN member states, including Malaysia, as a priority.

 

Vietnam always gives priority and support to Malaysian firms doing business in the country, he assured.

The PM expressed his delight to see Malaysia as one of major trade and investment partners of Vietnam.

A number of Malaysian projects have benefited each country’s socio-economic development, notably the Da Nang industrial park and Phuc Loc Vien residential area in Da Nang’s Son Tra district – a joint-venture project between Malaysia’s Massada Land and the city’s development investment fund.

As Vietnam is accelerating banking restructuring, the PM wished for support in both capital and technology from Malaysia, and believed that the CIMB bank, which has recently been licensed to operate in Vietnam, will run effectively and bring benefits to both sides.

He also expressed welcome to other Malaysia banks to the country.

Cheng Wing Sum, for his part, wished that the Vietnamese government would continue providing support for Malaysian businesses in Vietnam.

Speaking highly of Da Nang’s economic prospects, Cheng Wing Sum expressed keen interests in launching urban development projects in the city and becoming a partner of Vietnam and Da Nang in particular.-VNA